Lease extension

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    Lease extension

    Hi I'm a newbie and would welcome information about any tax relief on a 99 year lease extension I have just paid for.

    #2
    It would be against CGT, not income.

    Comment


      #3
      The cost of "lease extension" is added to the property buying costs and applied in calculation of the capital gain only AFTER you sell the property.

      If you paid for a statutory 90 years lease extension at peppercorn ground rent, your new lease may be around 150 years

      If you paid for a "non-statutory lease extension" to restart at 99 years , that is non-statutory lease extension and you will be facing payment for another lease extension in less than 19 years.

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